By Melanie Burton and Adwitiya Srivastava MELBOURNE (Reuters) -Prices of rare earths could rally further given growing demand for Western material, reflected in a recent deal by the United States that has shown its resolve to rebuild the sector outside China, the CEO of top producer Lynas Rare Earths said. The U.S. Department of Defense …
Lynas sees higher rare earths prices after US backs MP Materials Read More »
By Raphael Satter WASHINGTON (Reuters) -A cyber-espionage campaign centered on vulnerable versions of Microsoft’s server software now involves the deployment of ransomware, Microsoft said in a late Wednesday blog post. In the post, citing “expanded analysis and threat intelligence,” Microsoft said a group it dubs “Storm-2603” is using the vulnerability to seed the ransomware, which …
Microsoft says some SharePoint server hackers now using ransomware Read More »
By Heekyong Yang and Joyce Lee SEOUL (Reuters) -SK Hynix flagged plans to lift spending this year on advanced chipmaking after posting a record quarterly profit on Thursday, boosted by strong demand for artificial intelligence chips and customers stockpiling ahead of potential U.S. tariffs. The South Korean chipmaker, a key supplier to AI giant Nvidia, …
Nvidia supplier SK Hynix to boost spending on AI chips, after record Q2 Read More »
WASHINGTON (Reuters) -Microsoft said some of the hackers involved in the cyberespionage sweep aimed at the U.S. tech giant’s SharePoint servers are now using ransomware, a potential escalation in the wide-ranging spy campaign. Microsoft made the claim in a blog post issued late Wednesday. (Reporting by Raphael Satter; Editing by Himani Sarkar)
By Lucy Craymer and Renju Jose WELLINGTON (Reuters) -A top New Zealand central banker said on Thursday that while the full impact of U.S. tariffs remains uncertain, they could ease medium-term inflation pressures in the country, although the tariffs might dampen business investment and household spending. As countries redirect exports away from the United States, …
SYDNEY (Reuters) -Australia’s top central banker said on Thursday a measured and gradual approach to monetary policy easing was appropriate as the labour market had only eased slightly, shrugging off concerns about a recent jump in the unemployment rate. Speaking on inflation and employment, Reserve Bank of Australia Governor Michele Bullock said a rise in …
Australia central bank not shocked by jobless rise, to cut rates gradually Read More »
By Melanie Burton and Roshan Thomas MELBOURNE (Reuters) -Shares in Australia’s Fortescue rose on Thursday after the miner posted record fourth quarter iron ore shipments on lower costs, beating analyst expectations, and said it would scrap its U.S. and Australian green hydrogen projects. Costs fell to the lowest per unit since 2020, and Fortescue also …
Fortescue shares up on iron ore beat; scraps US, Aussie green hydrogen projects Read More »
By Sarah Morland MEXICO CITY (Reuters) -Becle, the world’s largest tequila producer, posted a fourfold rise in second-quarter profit on Wednesday, bolstered by foreign currency exchange gains even as thirst for its spirits dipped in its largest market. Net profit hit 2 billion pesos ($106.6 million), above the 1.8 billion pesos estimated by analysts polled …
Tequila giant Becle quadruples profit even as demand dries up Read More »
By Rajesh Kumar Singh and Shivansh Tiwary CHICAGO (Reuters) -Southwest Airlines reported lower-than-expected quarterly profit and revenue on Wednesday, hurt by tepid demand from U.S. consumers for travel. Lingering uncertainty about the broader economy due to President Donald Trump’s trade war and rising living costs has hurt carriers that primarily service the U.S. domestic market …
Southwest Airlines earnings hit by weak US travel demand Read More »
WASHINGTON (Reuters) -Tesla said on Wednesday it has built initial versions of an affordable car, a move likely meant to stem the steep decline in sales the company has experienced in markets across the world. Elon Musk’s electric vehicle maker posted the worst quarterly sales decline in more than a decade and profit that missed …
